Three-Unit Multifamily
For Sale
$490,000
476 E 482 & 490 Red Bud Rd, Knoxville, TN 37920
Each residence has a two-bedroom, one-bathroom layout and is occupied by existing tenants.
Property Size2,349 SF
Price / SF$208.60
Days on Market26
Property Features for 476 E 482 & 490 Red Bud Rd
General Information
Standard status
Active
Size
2,349 SF
Property subtype
Multi Family Home
Net Operating Income
$23,147
Financials
Asking Price
$490,000
Cap Rate
4.72%
Gross Income
$37,080
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,438
Amenities
Balcony
Building Details
Building Size
2,349 SF
Year Built
1972
Buildings
3
Units
3
Listing Agency:
Carter Chase Realty, LLC
Listed By:
James Hoppa
(865) 257-0371
Source:
Carterchaserealty
Added: Sep 29
Changed: Oct 22
Last Checked: Oct 22 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carter Chase Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Knoxville rental package brings together three residences, each configured with two bedrooms and one bathroom. The property record lists 2,349 square feet and a 1972 construction year. Existing tenants are in place across the units.
The properties are located on E Red Bud Rd in Knoxville, Tennessee, within ZIP code 37920. The three addresses are 476, 482, and 490 E Red Bud Rd, offered together as one multifamily acquisition.
The properties are located on E Red Bud Rd in Knoxville, Tennessee, within ZIP code 37920. The three addresses are 476, 482, and 490 E Red Bud Rd, offered together as one multifamily acquisition.
Key Highlights
- Three rental residences offered together at 476, 482, and 490 E Red Bud Rd
- Each unit has 2 bedrooms and 1 bathroom
- 2,349 square feet listed for the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,081
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,620
$421.6K
Cap Rate 7%
$301,157
$301.2K
Cap Rate 9%
$234,233
$234.2K
Market Conditions
NOI Build-Up for 2,349 SF
Gross rent
$41.4K $17.64/SF
− Vacancy
−$3.1K −$1.32/SF
EGI
$38.3K $16.32/SF
− OpEx
−$17.2K −$7.34/SF
NOI
$21.1K $8.97/SF
Area
Knoxville, TN
Vacancy
7.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,620
Cap Rate 7%
$301,157
Cap Rate 9%
$234,233
Alternative Uses
Best Use
Apartment 5plus
$301.2K
$263.5K – $351.4K
NOI $21,081 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$581.8K
$509.1K – $678.8K
NOI $40,726 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 37920, TN
41,210
Population
20,180
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
91%
High-School Grad
72.3 sq mi
ZIP Area
570
Density / Sq Mi
$61,348
Median Household Income
$35,591
Median Earnings
$1,092
Median Rent
$231,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has a two-bedroom, one-bathroom layout and is occupied by existing tenants.
Where is this multifamily property located?
The property is located at 476 E 482 & 490 Red Bud Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Three rental residences offered together at 476, 482, and 490 E Red Bud Rd; Each unit has 2 bedrooms and 1 bathroom; 2,349 square feet listed for the property
